Hundreds of thousands of expat retirees rely on U.K. government, company and private pensions to make ends meet. But the monthly payments are made in pounds, and must be converted to euros before being spent.

This works well when the pound is strong. But the currency crash since the U.K. voted to leave the European Union is hurting. A pension of 500 pounds a month was worth 655 euros on June 23. Now it’s just 555 euros.

Here’s what some expat pensioners are saying about the dramatic change:

Allen Bowen – aged 74 – Spain

Bowen retired in 1998 and moved to Spain the same year. Like many retirees, he came for the warmer weather.

Together his state and company pension are worth a little less than 2000 pounds a month.

That used to provide a very comfortable lifestyle. But the value has been cut by 250 euros following the Brexit vote.

His family has been forced to “go for the cheapest [products] we can get.”

“It’s affecting everyone,” he said. “We go over to the U.K. for a couple of weeks a year to see our family, but we haven’t done that this year — just no extra money.”